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GST collections cross Rs 1 trillion in October for first time in 8 months

Mop up grows 10% y-o-y at Rs 1.05 trillion, almost equal to levels in February before a nationwide lockdown to contain the coronavirus pandemic

GST, goods and services tax

The exact figure for October stood at Rs 105,155 crore, while it was just Rs 211 crore more at Rs 105,366 crore in February.

Indivjal Dhasmana New Delhi
Goods and services tax (GST) collection in October crossed Rs 1 trillion for the first time in eight months, indicating the results of the unlocking from September onwards.

Collection in any month is for the business done in the previous month.

At Rs 1.05 trillion, collection was not only 10 per cent higher than the Rs 95,379 crore a year ago but almost equal to that in February, which was before the lockdown and when the pandemic hadn’t struck.

The finance ministry said growth in GST at 10 per cent and 4 per cent in the previous month showed the

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First Published: Nov 01 2020 | 12:02 PM IST

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